Royal Bank of Canada upgraded shares of Hammerson (LON:HMSO) to an outperform rating in a research note published on Monday, Digital Look reports. Royal Bank of Canada currently has GBX 290 ($3.79) price objective on the real estate investment trust’s stock, down from their previous price objective of GBX 330 ($4.31).

A number of other brokerages have also issued reports on HMSO. Barclays dropped their price objective on shares of Hammerson from GBX 410 ($5.36) to GBX 320 ($4.18) and set an underweight rating for the company in a report on Tuesday, April 16th. Liberum Capital restated a hold rating on shares of Hammerson in a report on Monday, July 29th. Deutsche Bank restated a buy rating on shares of Hammerson in a report on Tuesday, July 30th. UBS Group restated a neutral rating on shares of Hammerson in a report on Tuesday, July 30th. Finally, Peel Hunt restated an add rating on shares of Hammerson in a report on Friday, August 9th. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company’s stock. Hammerson currently has an average rating of Hold and a consensus price target of GBX 362.38 ($4.74).

Shares of LON HMSO opened at GBX 203.90 ($2.66) on Monday. The company has a 50 day simple moving average of GBX 256.90 and a 200 day simple moving average of GBX 311.51. The firm has a market cap of $1.56 billion and a PE ratio of -2.45. Hammerson has a 1 year low of GBX 202.90 ($2.65) and a 1 year high of GBX 498.90 ($6.52). The company has a debt-to-equity ratio of 65.05, a current ratio of 0.87 and a quick ratio of 0.74.

The company also recently declared a dividend, which will be paid on Monday, October 7th. Shareholders of record on Thursday, August 29th will be issued a dividend of GBX 11.10 ($0.15) per share. The ex-dividend date of this dividend is Thursday, August 29th. This represents a yield of 4.13%. Hammerson’s payout ratio is -0.31%.

In related news, insider Adam Metz acquired 44,000 shares of the stock in a transaction dated Tuesday, August 6th. The stock was bought at an average price of GBX 208 ($2.72) per share, for a total transaction of £91,520 ($119,587.09). Also, insider Carol Welch acquired 7,461 shares of the stock in a transaction dated Monday, June 3rd. The stock was bought at an average price of GBX 267 ($3.49) per share, with a total value of £19,920.87 ($26,030.15).

About Hammerson

We are an owner, manager and developer of retail destinations in Europe. Our portfolio includes investments in 22 prime shopping centres in the UK, Ireland and France, 15 convenient retail parks in the UK and 20 premium outlets across Europe.

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Analyst Recommendations for Hammerson (LON:HMSO)

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